Wells of this kind in the Irish landscape tend to belong to one of a few broad categories: functional farm or field wells used for water supply, and holy wells, which accumulated layers of religious devotion over centuries, often linked to a local saint and visited on a pattern day with offerings left at the water's edge. Which type this one is remains, at least in publicly available form, unconfirmed.

The townland name Parkeighter derives from the Irish, with "park" in such placenames typically indicating an enclosed field or demesne land, a small hint at the agricultural or possibly estate character of the surrounding area. Galway is thick with wells that never made it into the more celebrated catalogues of sacred sites, places that mattered locally, seasonally, practically, without ever acquiring the fame of better-documented counterparts. A well recorded as a monument is a well someone thought worth marking down, and that act of classification alone suggests it carries some age or significance beyond the purely utilitarian.